Market Prediction 2009-2014? (part 3)
Based on the methodology mentioned in the previous two Market Prediction posts here I set target level for the recent bull market cycle.
As seen on the chart 2.618x projection of wave 1 accurately set target for wave 3 around 1355. Market peaked slightly above that level.
1.618x projection of wave 3 gives target level 1680 for the last bull wave. I consider this target as extremely optimistic and set target area 1600-1650.
Find more on target setting method at capitalhubs.com/p/forecasting.html
As seen on the chart 2.618x projection of wave 1 accurately set target for wave 3 around 1355. Market peaked slightly above that level.
1.618x projection of wave 3 gives target level 1680 for the last bull wave. I consider this target as extremely optimistic and set target area 1600-1650.
Find more on target setting method at capitalhubs.com/p/forecasting.html
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